German Encavis buys 74.5 MW wind portfolio in France
The German Encavis Asset Management has acquired five new wind farms in France, with a total capacity of 74.5 MW, to implement the growth and diversification strategy of its special fund Encavis Infrastructure Fund II (EIF II).
The seller of the renewable energy plants is the Swiss company Axpo Holding AG, whose subsidiary Volkswind is responsible for the planning, planning and construction of the wind farms.
The wind farms have 29 state-of-the-art turbines with a total installed capacity of 74.5 MW. All were completed and put into service between January and June 2021. The average annual production of the turbines – located in five French municipalities – corresponds to the electricity consumption of 37,000 households.
Encavis Asset Management AG offers institutional investors tailor-made portfolios and fund solutions for investments in the growing renewable energy market.
The wind farms are part of the EIF II special fund, whose share capital amounts to around 480 million euros and is invested in European wind and solar power plants. The special fund, offered exclusively by BayernLB and intended in particular for banks and savings banks, is managed by the KVG HANSAINVEST LUX SA service.
“Investor demand for funds in the renewable energy sector remains very high. By acquiring these wind farms, we are successfully continuing our growth path and the internationalization of the fund portfolio ”, underlined Karsten Mieth, Chairman of the Board of Directors of Encavis Asset Management AG, underlining the continued diversification. Encavis Asset Management SA:
Encavis AG is one of the leading independent power producers (IPP) in the field of renewable energies in Europe. The company acquires and operates solar power plants and wind farms (onshore) in Germany and nine other European countries. The total generation capacity of the Encavis Group is currently over 2.9 gigawatts (GW).
Encavis AG is a signatory of the UN Global Compact and the UN PRI and environmental, social and governance performance has been rated by ISS ESG and MSCI ESG, two of the world’s leading ESG research and rating agencies, and has been awarded the ISS ESG label Prime (B) and MSCI AA rating.